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Manager – Fund Accounting

Gen II Fund Services | New York, NY

Job Summary

Work closely with the Director/Managing Director, managing daily fund operations. Bachelor’s Degree in Accounting. 7+ years of relevant Private Equity fund/investment company accounting and reporting experience.

Details

A New York City-based Private Equity fund administration firm is looking for a Private Equity Fund Accounting Manager to manage Private Equity fund clients.

Primary Responsibilities:

* Work closely with the Director/Managing Director, managing daily fund operations
* Manage the operations and accounting of an existing fund independently
* Oversee and provide guidance on the initial set up of the client’s funds deliverables (capital calls, distributions, financial statements, waterfalls, IRRs), and perform thorough, in-depth review and sign off prior to the Director/Managing Director review
* Perform multiple levels of review/analyses of financial reports/capital events and Private Equity complex transactions (depending on client and team)

Requirements, Skills, Education, and Experience:

* Bachelor’s Degree in Accounting
* Public/Private CPA preferred
* 7+ years of relevant Private Equity fund/investment company accounting and reporting experience
* Ability to learn on the job quickly, apply learning to the clients and recommend solutions to issues
* Ability to quickly adapt to changes in processes and procedures in a rapidly changing environment
* Sound knowledge of investment company accounting (ASC 946), economics (waterfalls and allocations), fund structure (corporate, partnership, tax blockers, etc., within an organization chart) / investor classifications
* Sound knowledge of types of reporting for investment funds/investment companies and investors in US GAAP (ASC 946) and IFRS
* Sufficient knowledge and hands-on experience with governing documents, such as LPAs, management advisory agreements, side letters, separate fee agreements, etc.
* Hands-on experience accounting/audit of private equity funds (including blockers, parallel, SPV, AIV, co-investment vehicles) management companies, and other related vehicles
* Management and supervisory experience
* Strong attention to detail and accuracy
* Superior problem-solving, judgment, and decision-making skills
* Ability to think independently, prioritize, multitask, and meet deadlines
* Extensive Microsoft Suite skills – Excel (pivots), Word, PowerPoint, and Outlook
* Ability to interface and manage a client/business with limited guidance
* Familiar with LPA and other governing documents
* Able to extract key economics, compile, and document a thorough summary with limited guidance
* Able to supervise, manage, and direct a small accounting staff, if required
* Excellent verbal, written, and interpersonal communication skills

Click here for details on this job

  • Job Reference #: MANAG001031
  • Compensation: $ 170,000
  • Min Education: BA/BS
  • Min Experience: 7 years

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